IFF Q2 Results

Posted: August 7, 2007

IFF (New York) has reported second quarter 2007 sales of $574 million, a rise of 8% over the same period 2006 ($531 million). Excluding the effects of a favorable exchange rate for the US dollar, sales increased 5%. Gross profit, as a percentage of sales, remained flat, year-over-year, totaling 42.9%. Here, the scaling up of production in the company’s new fragrance ingredient facility in China offset improvements.

Of the results, IFF chairman and CEO Robert Amen said, “We are pleased with the continued growth in sales, operating profit and earnings … Looking ahead, we believe we are well-positioned to continue to grow in line with our goals.”